Core owner: Sistema may still sell controlling stake in Detsky Mir - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Core owner: Sistema may still sell controlling stake in Detsky Mir

YAROSLAVL, Aug 6 (PRIME) -- Russian multi-industry holding Sistema may still sell a controlling stake in children goods retailer Detsky Mir and there are seven contenders for the stake, Vladimir Yevtushenkov, chairman of the board of directors and an owner of 64.18% in Sistema, told reporters on Monday.

Sistema owns 52.1% in the retailer, the Russia-China Investment Fund (RCIF) holds 14%. Free float accounts for 33.9%. Sistema and the RCIF cancelled a secondary public offering (SPO) of Detsky Mir in December 2017 due to arrest of the stake under a case of oil major Rosneft against the holding.

I do not rule this out. There are not three contenders for that, but seven. That may still happen, Yevtushenkov said, reiterating that Sistema will not hold a secondary public offering (SPO) of Detsky Mir.

There will be no SPO, weve already said that a long time ago.

Yevtushenkov also said he will not reject Sistemas final dividends for 2017 as he did with dividends for JanuarySeptember 2017.

No, the amount of dividends there is tiny, so it would be a mockery to reject them. Last year the dividends (for the first nine months) were big, so I had to do it and it was the right thing. But to it today would be just a PR move, he said.

The shareholders of the company approved payment of 0.68 rubles per share, or 13.6 rubles per global depositary receipt (GDR) a total of 6.562 billion rubles in dividends for JanuarySeptember 2017 last November. But Yevtushenkov asked the company not to pay him 4.213 billion rubles of due dividends.

(63.4549 rubles U.S. $1)


06.08.2018 14:21
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 76.6243 -0.1539 04 jun
USD 68.3413 -0.6418 04 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1301.88 +1.88 18:50 03 jun
micex 2831.08 +1.24 18:50 03 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 208.00 +2.99 18:49 03 jun
lkoh 5549.50 +2.77 18:49 03 jun
rosn 396.95 +2.57 18:49 03 jun
sber 221.50 +4.48 18:49 03 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 77.0750 +0.3000 14:59 03 jun
USDTD 68.7025 -0.8025 17:44 03 jun